However, while I was still getting contractor bids for different projects, I found 3 different companies that are quick (based off of their contracts and guarantees) and have good quality of work (based off of previous and current investor feedback) but come at the cost of price.

The value of the hotel is based off of how well it's being operated.My advice would be to get a job in the hotel industry.

Based on your description, Party 1 seems like the safer choice.

I’m not interested in subscriptions or courses but am seeking genuine connections with people who value mutual support and networking.If I can assist with advice or information based on my experience in tile installation, home remodeling, or other areas, please don’t hesitate to reach out.

I'm an investor and Realtor based in Central NJ. 

DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

• Is it all just customizable based on what works best?

That aside, If it were me I'd get a professional estimate of what repairs would cost, and make the decision to keep or sell based on that. 

My wife and I have obtained three traditional loans and one lease with the option to purchase, resulting in most banks turning us down based on debt to income (non-portfolio lenders). 

You can get something that's turnkey or new construction at this price point, and most importantly, there's a strong tenant base ready to rent out these homes.